Post
Topic
Board Development & Technical Discussion
Re: Proof of Stake Bitcoin?
by
Stedsm
on 07/02/2018, 18:30:33 UTC
DO you guys ever think that bitcoin will do proof of stake? Just wanted to get some peoples insights on this.

PoS will do nothing but shrink the value of Bitcoins.
You know why Bitcoins is the most valuable cryptocurrency of all? It's because people get paid for spending their electricity through mining (processing) the transactions using the computational power of their hardware. You may have already seen PoS coins before, don't you remember what happened to them?
If we decide to generate a very low amount of Bitcoins per year through PoS, new investors will not be able to buy because of less production as huge whales who possess a lot of bitcoins, are not going to release them in markets.
And if we generate a higher amount, that will also be harmful to its value as everybody will dump.
Whatever is going on, is good. So let it be. Wink